ECONOMICS NOTES FOR FORM SIX – ALL TOPICS
ECONOMICS NOTES FOR FORM SIX – ALL TOPICS
To view the Notes, click the topics below:
6. ECONOMIC INTEGRATION AND CO-OPERATION
8. ECONOMIC STRUCTURE OF TANZANIA
Economics:
Inspires business success
Understanding how consumers behave is vital for a business to succeed. Economists use theories and models to predict behaviour and inform business strategies. For example, how to analyse ‘big data’.
International perspective
Economics affects the world we live in. Understanding domestic and international perspectives – historic and current – can provide a useful insight into how different cultures and societies interact. For international corporations, understanding the world economy is key to driving success.
Informs decisions
Economists provide information and forecasting to inform decisions within companies and governments. This knowledge of economics – or economic intelligence – is based on data and modelling.